Enchanted Hill, the large hilltop Beverly Hills property that Microsoft co-founder Paul Allen initially listed in the summer of 2018 definitively changed hands recently.
The property, an undeveloped parcel of 120 acres which at one time was anchored by the Wallace Neff-designed mansion of western film actor Fred Thomson and his wife, screenwriter Frances Marion, closed at $65 million. The buyer was former Google CEO Eric Schmidt. The lot asked $150 million when it first appeared for sale under Allen’s ownership, about three months before his death. In the winter of 2020, Jeff Bezos stepped up with $90 million and the acreage went into pending status, but the Amazon honcho ultimately declined to close on it.
The land has been partially landscaped, and a probably home location has been developed that offers commanding panoramic views. Allen had a mile-long driveway constructed, and installed two separate gated entry points for the estate-to-be.
Allen’s net worth was around $20 billion at the time of his passing. Schmidt’s net worth is currently estimated at $23 billion.